Uber shares plunge 11% as slowing bookings growth spooks investors

Uber Technologies pointed to a further slowdown in its mainstay app-based taxi business as it forecast fourth-quarter gross bookings below Wall Street estimates, sending its shares down 11% by Thursday afternoon.Bookings growth, a key measure of ridership for online taxi operators, slowed to a more than one-year low in the third quarter and also fell short of analysts’ forecasts.Shares of rival Lyft, which is set to report quarterly results next week, fell 5.3%.Bookings growth, a key measure of ridership fo ...